RECIPROCITY.

Auckland Star, Volume LVI, Issue 30, 5 February 1925, Page 8

RECIPROCITY.

TREATY WITH AUSTRALIA. EFJFECT ON TRADE VOLUME, j I ' O.MMOXU'KAI.TII'S BKXKI'IT. liigbleen months" operation of ibe j l-ii-ciprncity Trade Treaty with Aus-' Italia afTords some interesting results.] Th" trade statistics f,,,- i|„, year just! elided indicate that ihe balance is avaini Prior lo the nnien.lmeiii ut' :iic Nm i 'Zealand ' Customs tit riff in Novemlu r. 10-il. Australian .. : oo.|s entering the! : Domiiii.Mi wore n-iorded I'.ritisb pre- j li ri-tilial li, atmciit. although nil ides . 1 >,| Now Zealand -ii_in -o manul'ii. line rni,l-.d .ttstr.lhi uuib-r : he •.•,-,„■■ .-,1 Tariff S.-ivs the •ibiminioii'i. liom . ; li",. nil, r 22. i:_l. ]„,u, ii-r, : - „.!. r ,„- ; IS.V ihe same duties „. v.,0: ; Sept-mbcr I. |fl-___' a tarilT agreement. j jcnnlirmod by ihe Tariff Agreement I I New Zealand and Australia, f;«i ili.-a- | linn Ad. 10-J-J, ],as been in operation.! iby which. with tl hje.-t ~i' t.romotintrj I trade between the two count tie-. New | Zealand a nil Australia, gram mutual; j concessions in I In- mailer ~i Customs | duties. j Conditions of Treaty. In addition to the-e icipro.-a I iirriitige-j meiiis. which lime ..|icri.u-d from j Scj.lcniber 1. I!T_2. the ttirilT agrecmrnl , j provides that nora Is which arc imported] ; int.. Australia and -uli>e«pieiit ly Iran-j ' shipped in New Zealand, antl ' which.! !if they had been imported ilinvl fn.in , i the country of origin into New /.oh ■ I hind, would have been eiitillei] 1,, he jentered under ihe Rrjti.li preferential; j tariiT. shall be ndmiited lo the Domiii-i lion under it. A similar -not ision relates'to goods imp.nlciI into the Dominion land iraiishippcd |~ Australia. These' j eoiirps.. ions operated from May I. I'i__. | The main reciprocal agreement rovers ■ 129 items, in some eases, tin- reduction' jot' the rale of duty amounting t,, les-. ' i and in some, nunc iTi-,ill that accorded ' |nritisb poods ~,„|e, the i.rdinarv s,-alej iof preferential dm it-. In any instance I where the rate of duly has' not been lowered nt least i,, the'extent pro\ ided | |lo British "nods the reason may gen-j ] crally be found in the fad thai pro-' jtection is sought for the development j |of a secondary industry iv the nuintrv I retaining the higher rate of duty. I ; Thus, apart from Ihe l_!l item- thus] specially mentioned. ;1 1l other g,.,,,1-' which nre produced ,„■ manufactured ! in Australia or New Zealand are admit-I 1 ted to the other country at British pro- I I ferential rates of duty. j I The item which figures most promiiij enily in the trade of both countries is ! timber (rough snwni. Australian .pro- ' dined timber now enters New Zealand I j free, in lieu of ihe former general dntvj of -/ per 100 superficial feet. Similarly. New Zealand limbers now enter the] i Commonwealth free, the rate- super- ! I seded varying from 1/ per 10(1 feci on! j timber for the manufacture of boxes! I (mainly white pine, tn I/, .-,/<;. and |7/ per 1 110 on larger si/es. ' TJie duty jon imports of grain and pulse'(except j wheat and- mai/.ei in an unmanut'aci tured condrtion. lias been reduced from I"-'/ per cental to 1/fi per cental-, boots. j shoes, etc. from Australia beneli! also by a reduction" of duty from Ci tn :t.. per cent ail valorem. | During the year m_."l import? of Australian origin were nffected as follows by the reciprocal tariff:—Free of duty, -'127.701: increased rate of duty, compared with other Hritish countries, j £ 10.5,72.">: lower rate of duty. compared | with other British countries, £7__..">."{.".. . j Similar information regarding 102-1 is I not yet available, pending consolidation of the detailed statistics. Where Australia Benefits. The difference in favour of Australia, ■ for ihe three years prior to, and tlii! two years subsequent to. the ratification :of the reciprocal tarilT agreement, is ■ illustrated by the following table: — IMPORTS '111 NEW ZEALANP 111-' AI'STHAI.IAN llillllis.

It should bo explained that, included in the total imports t„ Netv Zealand during lIU4 was t1.H30.774 for whom as compared with I'tiO f„ r ,|,o previous year. Whoa, is an item that is not affected by the tariff agreement, and lias only been imported owing t„ the ten,'. pornrV lailtire of the harvest in New Zealand. Excluding this amount the difleronee in favour u f Australia' h , IJVrT'- more r[ ° hUy Mn '°' l Ht

IPL'l 11124 1 i-n r. irir., I;i2n 1P22 1 :'_■:: 192. Total Foal Imports Imports. Imparled. Less Coal. :!.oii;.1os ni-.-,.7:-.!i ::..-.!Hi..-i«» x.ii"-'l..v.s.-, »:>::. .in s.i:;i.pm -..(<;.>..-.si sm.-j:;7 ..n.ii.u. ...2o::.i;::_ r.n.r.2.. l-.7S2.io-•i.Uoo. 1211 .-.ip.ii_i .i.i.-it.;:i>'» ...f..",l."-'7 77:i..-,|u -I.S7I..-.I7 Difference iu favour or X.Z. pro- Australia 1 lev. dnee export...1 ,.,..] import10 AiiMtalia. ed into X.Z.i ... l.tiso.iris ,..,,.._:;, ■-. l.nie.i.-.-.ui li. 1.2.27* ... .47-i.n.s ;:.,,;,;., ,, i; •• ' n "i:; l.2S|..1!»| ••• 2.ol I.F-'."I SPl'l-l. •■■ 2.L-l.;.:iDi 2.r,.-.7.'fiiM